Sector
Banking
Tier-1 and Tier-2 deposit money banks executing the CBN recapitalisation programme; digital channels driving NIR growth.
5 sub-sectorsBullishRisk: Moderate
Market size
₦165.0T
YoY growth
+22.4%
Forecast (12m)
+18.6%
EBITDA margin
48.2%
Sentiment score
+64
Risk score
38/100
Sector summary
Tier-1 and Tier-2 deposit money banks executing the CBN recapitalisation programme; digital channels driving NIR growth.
Key drivers
- ●Recapitalisation capital raises
- ●Elevated yields
- ●Digital banking adoption
- ●Trade finance recovery
Top risks
- ●FX revaluation reversal
- ●Asset quality if MPR cuts come fast
- ●Cybersecurity